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Working Papers (2023), ESSEC Business School Research Center

Managing Cyber Risk, a Science in the Making


Not a day goes by without news about a cyber attack. Fear spreads out and lots of wrong ideas circulate. This survey aims at showing how all these uncertainties about cyber can be transformed into manageable risk. After reviewing the main characteristics of cyber risk, we consider the three layers of cyber space: hardware, software and psycho-cognitive layer. We ask ourselves how is this risk different from others, how modelling has been tackled and needs to evolve, and what are the multi-facettedbaspects of cyber risk management. This wide exploration pictures a science in the making and points out the questions to be solved for building a resilient society.

KRATZ, M. and DACOROGNA, M. (2023). Managing Cyber Risk, a Science in the Making. WP 2302, ESSEC Business School Research Center.

Keywords : #Cyber-risk, #Cyber-security, #Cyber-resilience, #Insurance, #Modelling, #Risk-management